Permanent TSB Group Holdings PLC Conclusion of Tracker Enforcement Investigation (6420A)
30 Mayo 2019 - 8:00AM
UK Regulatory
TIDMIL0A TIDM73HR
RNS Number : 6420A
Permanent TSB Group Holdings PLC
30 May 2019
30 May 2019
STATEMENT BY PERMANENT TSB GROUP HOLDINGS PLC (PTSBGH)
Permanent TSB plc ("PTSB" or "the Bank") is a wholly owned
subsidiary of PTSBGH.
Today the Bank announces that the Central Bank of Ireland (CBI)
has concluded its Enforcement Investigation in respect of Tracker
Mortgages at PTSB.
The Bank has agreed to pay a fine of EUR21m. This figure
reflects a gross fine of EUR30m reduced by 30% to EUR21m in
accordance with the early settlement discount scheme provided for
in the CBI's Administrative Sanctions Procedure. This agreed
settlement now brings the CBI's investigation into Tracker
Mortgages at PTSB to a close.
The financial impact of this fine will be a small charge in the
2019 financial accounts as the Bank has made provisions in relation
to the overall Tracker Mortgage Programme in prior years.
Ends
For further information, please contact:
Eamonn Crowley Nicola O'Brien Leontia Fannin Ray Gordon
Chief Financial Officer Investor Relations Corporate Affairs
and
Gordon MRM
Communications
Eamonn.crowley@permanenttsb.ie Nicola.o'brien@permanenttsb.ie
Leontia.fannin@permanenttsb.ie
ptsb@gordonmrm.ie
+353 1 669 5354 +353 1 669 5283 +353 87 973 3143 +353 87 241
7373
Note on forward-looking information:
This announcement contains forward-looking statements, which are
subject to risks and uncertainties because they relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends, and similar expressions concerning
matters that are not historical facts. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of the Bank or the industry in which it operates, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. The forward-looking statements referred to in this
paragraph speak only as at the date of this announcement. The Bank
undertakes no obligation to release publicly any revision or
updates to these forward-looking statements to reflect future
events, circumstances, unanticipated events, new information or
otherwise except as required by law or by any appropriate
regulatory authority.
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END
STRSDWFESFUSEEI
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